Churchill Downs Inc.: Derby Beats Old Attendance Record By A Nose

Churchill Downs Inc.

said Saturday's Kentucky Derby posted a new attendance record of 170,513 people, beating the previous high three years ago by 3 percent. http://ir.churchilldownsincorporated.com/releasedetail.cfm?ReleaseID=910309 Separately, Comcast Corp.'s

NBC said the event was the highest rated Derby in 23 years. https://twitter.com/NBCSportsPR/status/594891673152421888 Churchill closed Monday at $121.60, up $1.49. The shares are up about 28 percent in the year to date. Churchill Chief Executive William C. Carstanjen said the company's adjusted operating results for the recent Kentucky Oaks and Derby week will be between $5 million and $6.5 million -- an improvement over the same period a year earlier. During the year ended Dec. 31 Churchill's adjusted income fell 14 percent to $2.64 a share, while revenue grew 4.3 percent to $812.9 million. "We saw continued improvement again this year and we preliminarily expect record Adjusted EBITDA with growth over last year's Kentucky Oaks and Derby week of $5.0-to-$6.5 million."